Wednesday, August 18, 2010
U.S. stocks off session lows; tech inches up
U.S.STOCKS OFF SESSION LOWS; TECH INCHES UP
U.S. stocks pare losses as investors react tepidly to the latest
trickle of second-quarter earnings and developments on the deals
front.
TARGET PROFIT UP 14% ON CONTROLLED COSTS
Shares of the discounter trend lower, as investors nod to management's
ongoing efforts to controlling expenses in order to make up for signs
of softness in July-quarter sales.
DEERE PROFIT LEAPS 47% ON NORTH AMERICA DEMAND
The manufacturer says North American farmers bought more tractors at
higher prices and demand for construction and forestry equipment
rebounded from last year's slump.
BHP BILLITON TAKES BID TO POTASH SHAREHOLDERS
Miner BHP Billiton goes hostile with its bid for Potash Corp., and
vows to make the case for a $130-a-share offer directly to
stockholders of the fertilizer supplier.
A CONTRARIAN TAKE ON GOLD
Gold market enthusiasm has returned in force over the last couple of
weeks, as bullion reaches a six-week high.
